Nigeria’s internally generated revenue (IGR) for 2023 reached N2.43 trillion, reflecting a 26.03 per cent increase from N1.93 trillion in 2022, as states amplified efforts to boost local revenues amid fiscal pressures.
According to the National Bureau of Statistics (NBS), Lagos, FCT, and Rivers led in IGR generation, collectively producing over N1 trillion—accounting for more than 41 per cent of the IGR generated by states.
Lagos contributed approximately 33.6 per cent of the total IGR with N815.86 billion, while the FCT and Rivers accounted for 8.7 percent and 8 percent with N211.10 billion and N195.41 billion, respectively.
